Written by Miami Today on August 23, 2012
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HOUSING UP, SUPPLY DOWN: Average South Florida home values for year ending July 31 rose 3.8% to $145,600 and the average rent rose 4.5% to $1,594, according to Zillow Real Estate Research. The supply of homes in Miami was reported at 3.1 months in the July RE/MAX National Housing Report, a figure far below the six to none months many realty experts consider a balanced market. Lowest housing supplies were reported as 1.2 months in San Francisco and 1.8 months in Los Angeles. Orlando was reported at 2.5 months.
CEMENTING ITS POSITION: Supermix has completed the acquisition of all ready-mix plants of Continental Florida Materials Inc., bringing the 23-year-old company to 14 locations form Fort Pierce to the Keys, 17 ready-mix batch plants and more than 200 ready-mix trucks. The company is now Florida’s largest independent producer and supplier of concrete products.
CAUTIOUSLY OPTIMISTIC: Beacon Council President and CEO Frank Nero is sounding optimistic with the release of the latest labor statistics showing that Miami-Dade County’s unemployment rate dropped to 9.9% in July, down from 10.3% in June and 11.5% in July 2011. "This is a positive report," he said, "but it’s too early to say this is a trend. We are moving in the right direction though." He added: "The Beacon Council has seen a significant increase in the number of companies currently being assisted by staff — both internationally and domestically — that have indicated interest in setting up operations in our community. We need to continue focusing on the economic recommendations proposed by One Community One Goal." The program is being spearheaded by the council to create quality local jobs.
DATA TROUBLE: Healthcare data of about 10.8 million people in the US was lost or stolen in 2011, about twice as many as in 2010, according to a study from South Florida accounting and business consulting firm Kaufman, Rossin & Co. However, the study found that the number of reported data breaches dropped to 145 last year from 212 in 2010. Florida was tied for fourth in the nation with seven breaches. "While there are signs of progress, theft and loss of data continue to be a problem plaguing the healthcare industry despite the increased scrutiny that all covered entities and their business associates are under," said Jorge Rey, the study’s co-author.